Is It a Very Chastened Art Market?

"I think we’re going to find that this is a very chastened market," said former Federal Reserve chairman Alan Greenspan in testimony before the House Oversight and Government Reform Committee on Oct. 23, 2008.

The truth is that today's art market is a very global one, said Jussi Pylkkänen
President, Christie's Europe.

Top Five after the jump.

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